Press release
P2P Payment Market Set to Reach $9,097.06 Billion by 2030, Led by Alibaba.com and Apple Inc.
P2P payments allow one person to transfer money instantly to another through a digital platform, normally through an application or a web-hosted platform. In addition, P2P payments keep user data safe and secure as very little personal information is attached to any transaction, this helps minimize risk of data breaches and frauds. Furthermore, key factors that drive the market includes increase in acceptance of online banking, mobile banking, and e-commerce by consumers and growth in adoption of smartphones among younger generation.
According to the report published by Allied Market Research, the global P2P payment market generated $1,889.16 billion in 2020, and is estimated to garner $9,097.06 billion by 2030, witnessing a CAGR of 17.3% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Rise in adoption of online banking, mobile banking, and e-commerce by consumers and increase in smartphones usage among the younger generation drive the global P2P payment market. Furthermore, rise of the m-commerce industry in emerging economies supplements the market growth. However, increase in data breaches and security issues in P2P payments hinder the market growth. On the contrary, demand for efficient & hassle-free transaction services and surge in usage of NFC, RFID, and host card emulation technology in P2P payments would provide opportunities in the coming years.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/2568
COVID-19 Scenario:
Many banks & financial institutions have been offering their customers new digital tools and techniques to facilitate P2P payments during the Covid-19 pandemic. This led to witnessed significant adoption of these services.
The adoption of P2P payments increased among people as they needed to transfer money to their relatives, friends, and acquaintances in case of emergencies, hospitalization, and others.
The report offers detailed segmentation of the global P2P payment market based on transaction mode, payment type, end user, application, and region. Based on payment type, the remote segment accounted for the highest share in 2020, contributing to more than three-fifths of the total share, and is estimated to maintain its leadership status throughout the forecast period. However, the proximity segment is projected to manifest the fastest CAGR of 18.9% from 2021 to 2030.
Interested to Procure the Data? Inquire Here @: https://www.alliedmarketresearch.com/purchase-enquiry/2568
Based on application, the retail segment held the largest share in 2020, contributing to around one-third of the global P2P payment market, and is estimated to maintain its lead position during the forecast period. However, the hospitality & transportation segment is projected to manifest the largest CAGR of 22.1% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for more than one-third of the total share, and is expected to continue its dominance in terms of revenue by 2030. Moreover, this region is estimated to portray the largest CAGR of 20.1% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Request Customization: https://www.alliedmarketresearch.com/request-for-customization/2568
Leading players of the global P2P payment market analyzed in the research include Alibaba.com, Circle International Financial Limited, Apple Inc., One97 Communications Limited (Paytm), Google LLC, Square, Inc., PayPal Holdings Inc., Wise Payments Limited, WePay Inc., and Zelle. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
Related Reports:
Health Insurance Market https://www.alliedmarketresearch.com/health-insurance-market
Virtual Teller Machine (VTM) Market https://www.alliedmarketresearch.com/virtual-teller-machine-vtm-market-A06950
Neobanking Market https://www.alliedmarketresearch.com/neobanking-market
Commercial Property Insurance Market https://www.alliedmarketresearch.com/commercial-property-insurance-market-A11622
Investment Banking Market https://www.alliedmarketresearch.com/investment-banking-market-A06710
Blockchain Finance Market
Contact:
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
https://pooja-bfsi.blogspot.com/
https://www.quora.com/profile/Pooja-BFSI
https://medium.com/@psaraf568
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
According to the report published by Allied Market Research, the global P2P payment market generated $1,889.16 billion in 2020, and is estimated to garner $9,097.06 billion by 2030, witnessing a CAGR of 17.3% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Rise in adoption of online banking, mobile banking, and e-commerce by consumers and increase in smartphones usage among the younger generation drive the global P2P payment market. Furthermore, rise of the m-commerce industry in emerging economies supplements the market growth. However, increase in data breaches and security issues in P2P payments hinder the market growth. On the contrary, demand for efficient & hassle-free transaction services and surge in usage of NFC, RFID, and host card emulation technology in P2P payments would provide opportunities in the coming years.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/2568
COVID-19 Scenario:
Many banks & financial institutions have been offering their customers new digital tools and techniques to facilitate P2P payments during the Covid-19 pandemic. This led to witnessed significant adoption of these services.
The adoption of P2P payments increased among people as they needed to transfer money to their relatives, friends, and acquaintances in case of emergencies, hospitalization, and others.
The report offers detailed segmentation of the global P2P payment market based on transaction mode, payment type, end user, application, and region. Based on payment type, the remote segment accounted for the highest share in 2020, contributing to more than three-fifths of the total share, and is estimated to maintain its leadership status throughout the forecast period. However, the proximity segment is projected to manifest the fastest CAGR of 18.9% from 2021 to 2030.
Interested to Procure the Data? Inquire Here @: https://www.alliedmarketresearch.com/purchase-enquiry/2568
Based on application, the retail segment held the largest share in 2020, contributing to around one-third of the global P2P payment market, and is estimated to maintain its lead position during the forecast period. However, the hospitality & transportation segment is projected to manifest the largest CAGR of 22.1% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for more than one-third of the total share, and is expected to continue its dominance in terms of revenue by 2030. Moreover, this region is estimated to portray the largest CAGR of 20.1% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Request Customization: https://www.alliedmarketresearch.com/request-for-customization/2568
Leading players of the global P2P payment market analyzed in the research include Alibaba.com, Circle International Financial Limited, Apple Inc., One97 Communications Limited (Paytm), Google LLC, Square, Inc., PayPal Holdings Inc., Wise Payments Limited, WePay Inc., and Zelle. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
Related Reports:
Health Insurance Market https://www.alliedmarketresearch.com/health-insurance-market
Virtual Teller Machine (VTM) Market https://www.alliedmarketresearch.com/virtual-teller-machine-vtm-market-A06950
Neobanking Market https://www.alliedmarketresearch.com/neobanking-market
Commercial Property Insurance Market https://www.alliedmarketresearch.com/commercial-property-insurance-market-A11622
Investment Banking Market https://www.alliedmarketresearch.com/investment-banking-market-A06710
Blockchain Finance Market
Contact:
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
https://pooja-bfsi.blogspot.com/
https://www.quora.com/profile/Pooja-BFSI
https://medium.com/@psaraf568
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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